|Rate Hold||130 Days (Feb 08)|
|Permitted Loan-to-Value||Up to 95%|
|Max Property Value||Inquire|
|Max Amortization||25 Years|
|On Ratespy Since||May 29, 2018|
|Last Updated||Jul 14, 2023|
|Previous Update||Jul 13, 2023|
|Latest Rate Change||-0.20%|
|Rate ID #||349|
All BMO Bank of Montreal mortgage rates
How It Compares
- The 7th-lowest 5-year variable rate as of October 01, 2023
Check this provider's website for complete details.
This is the bank's official special offer rate. Lower discretionary rates may be available to well-qualified borrowers.
The 5-year variable special rate (closed) term is equal to our Prime Rate ? 0.20%. The Annual Percentage Rate (APR) is based on a $350,000 mortgage, 25-year amortization and an appraisal fee of $300, which may be required to complete your lending application. Mortgage funds must be advanced within 130 days from the date of application. Appraisal fees are subject to change. An increase in the appraisal fee may result in an increase to the APR. This offer may be changed, withdrawn or extended at any time without notice. The interest rate for a variable rate mortgage is calculated monthly, not in advance. Applications are subject to meeting BMO's usual credit criteria. Some conditions may apply. This offer is not available for renewals of existing BMO mortgages.